Brandt Warns of Deeper ETH Slide as Vitalik Moves 16,384 ETH
Ethereum fell through the $2,700 mark on Friday, prompting veteran trader Peter Brandt to caution that the decline could extend further. Brandt pointed to sustained selling pressure, thin liquidity conditions, and ongoing outflows from spot Ethereum ETFs as factors that could amplify downside risk for the market and increase the likelihood of sharper intraday moves.
The situation was compounded by a notable on-chain transfer of 16,384 ETH by Ethereum co‑founder Vitalik Buterin, a move that quickly attracted trader attention. While such transfers are not definitive proof of selling, they can heighten sentiment-driven volatility during stressed market conditions. Traders and holders will be watching ETF flow data and liquidity at key support levels for signs of stabilization or acceleration of the sell-off.